J.P. Morgans Worldwide Securities Services (WSS) has been selected by Sderberg & Partners, a Swedish asset manager with funds domiciled in Luxembourg, to provide a range of securities services including custody, fund accounting and transfer agency for Sderbergs recently launched SICAV fund. The SICAV consists of three sub-funds.
Carl-Adam Hgberg, head of Asset Management, Sderberg & Partners, said: We are confident that J.P. Morgan has the capabilities, experience and expertise to provide the support and innovation needed in todays economic climate.
John Gout, head of the Nordic region for J.P. Morgans WSS business, said: We look forward to working with Sderberg & Partners at an exciting time for them as they launch the SICAV fund.
Separately, Societe Generale Securities Services in Italy has been retained by Alceda Fund Management as its local transfer agent in Italy, providing it with paying agent and investor relations management services for its fund AC and its Sicav AC Quant.
Based in Luxembourg, Alceda Fund Management S.A. is a wholly independent subsidiary of the Aquila Group, which has over 5.3 billion in assets under administration.
(JDC)